Zain has signed a strategic partnership agreement with Mastercard to boost digital payment services in Jordan through ‘Zain Cash’ mobile wallet service powered by Mastercard.
Aimed at extending the benefits of the Zain Cash service to Zain’s growing subscriber base and enriching their experiences, the announcement was made on the sidelines of the World Economic Forum on the Middle East and North Africa, held recently in Jordan.
The MoU was signed by Ahmad Al Hanandeh, CEO of Zain and Timothy Murphy, General Counsel and Chief Franchise Officer, Mastercard, in the presence of Dr. Ziad Fariz, Governor of the Central Bank of Jordan.
Under the license granted by the Central Bank of Jordan, Zain has been approved to issue Mastercard prepaid cards linked to the Zain Cash mobile wallet to provide subscribers with the advantage of obtaining and utilizing the card locally and globally through a network of more than 50 million Points of Sale, where Mastercard cards are accepted, as well as the possibility of shopping online and using it on the ATM network.
Commenting on the signing, Al Hanandeh said: “We are very pleased to sign this strategic partnership with a leading technology company such as Mastercard, as we continue to deliver the latest and world-class services to our subscribers and provide features that make it easier for them to complete their daily transactions. This partnership is part of our efforts to boost the electronic payments system in Jordan, and expand the Zain Cash services to enrich the subscriber experience and provide them with an unprecedented, easy and secure way to pay by mobile in the Kingdom.”
Zain Cash offers all local mobile network subscribers a convenient and secure way to to make payment transactions and process monthly payments by saying their time and efforts. The re-launch of Zain Cash comes as part of the company’s partnership with the Central Bank of Jordan, through the national link “JoMoPay” that was launched and is being operated by the Central Bank of Jordan.